– SPX earnings continue to surprise
– A deeper look into technology
– The “new” Fed under nominee Warsh?
The Timber Log – 1/23/26
– OUS equities continue to climb
– Small caps have room to run
– Software stocks get bad news…
The Timber Log – 12/26/25
– ROW stocks bring it in 2025!
– The equity market broadens out
– Value, Energy, Int’l small caps in 2026?
The Timber Log – 11/14/25
– Gov’t shutdown over, good news!
– How big could consumer AI be? Big!
– Labor market data looking weak
The Timber Log – 10/31/25
– What government shutdown?
– Rate cuts spurring economic activity?
– Regional Fed data is lacking…
The Timber Log – 10/10/25
– ROW returns 2x the US
– Is AI spend a 2000 era bubble?
– Corporate credit ok…BDC’s??
The Timber Log – 9/19/25
– ROW markets continue strong
– Aggressive rate cuts coming?
– Why fear a government shutdown
The Timber Log – 9/5/25
– Seasonals – look thru September
– Labor market is softening
– Small Caps try one more time
The Timber Log – 8/8/25
– Equity calm turns choppy in August
– Revenues and earnings drive stocks
– Employment and the consumer are key
The Timber Log – 7/25/2025
– Strong global PMI’s are encouraging
– Consumer and fixed investment intact
– Early signs of market euphoria emerge
The Timber Log – 7/11/2025
– A quick rebound from April lows
– 2Q25 drivers were Tech and Cyclicals
– Can earnings propel market higher?
The Timber Log – 6/27/2025
– No World War 3, now what?
– What could go right for the US dollar?
– Not all commodities are the same…
The Timber Log – 6/5/2025
* Corporate profits chug along
* CEO confidence sputters
* Healthcare is interesting
The Timber Log – 4/17/24
* Geopolitical Risk rears its head again
* Retail Sales buoyed by online sales
* Small Optimism is low, low, low…
The Timber Log – 2/20/24
* Inflation – the trend is your friend…
* Small Caps look poised for recovery…
* Biden and Trump – neither may be a good choice…
















Karol Krucinski, CFA is a Director of Portfolio Management at Timber Point Capital Management and Fortis Capital Advisors where he co-manages investment strategy implementation and portfolio construction while leading the firm’s Direct Indexing platform and trading oversight. His client work encompasses developing customized portfolio solutions and analysis of complex investment scenarios including concentrated positions and tax-sensitive transitions. Karol’s experience spans quantitative analysis, portfolio optimization and risk management across diverse asset classes.
Kirsten Stainer has extensive experience managing institutional and private investor relationships while structuring and leading capital formation efforts across both debt and equity strategies. In addition to her experience in real estate, Kirsten has led Series A and B raises at Founders Fund and Battery Ventures backed startups and scaled enterprise revenue streams with teams at JPMorgan Chase and Clearwater Analytics.
Manish Shah, J.D. has decades of experience investing across the capital stack and various alternative investment classes. He has served as a principal and manager of numerous real estate investments, including control equity, preferred equity, mezzanine and senior debt investments. His prior experience includes the turnaround of a publicly traded company (acquired NYSE: EMR) where he was responsible for business and real estate acquisitions and divestitures.